Below is an example of an incorrectly prepared statement of cash flows. The descriptions of activities are correct. Cash from operating activities Net Income $60,000 Depreciation (4,000) Increase in accounts receivable (2,000) Increase in deferred tax liability (1,000) $53,000 Cash from investing activities Purchase of marketable securities ($48,000) Dividends paid 1,500 ($46,500) Cash from financing activities Increase in short-term debt ($500) Increase in long-term debt (2,500) ($3,000) Increase in cash $3,500 The correct cash flows from operating activities is: $65,500 $63,500 $53,500 None of the above